They’ve raised the rating but lowered the outlook to “stable” from “positive”

The blurb to follow no doubt.

S&P is also reporting on Italy too today so that might be up shortly too.

Update: Here comes the blurb

  • Upgrade reflects our view of Ireland’s solid economic growth prospects
  • Estimate that unemployment will fall to around 9% by 2017 and to the lowest since 2008
  • Upwards revisions to growth prospects underpin assessment of improving health of Irish banks
  • Credit losses will continue to decline through 2016 posing less of a risk to to bank profitability

Here’s a DOD treat for the weekend

:-D